Stocks were headed for a higher open Thursday after a batch of better-than-expected economic data boosted confidence in the health of the U.S. economy.
My top 10 things to watch Thursday, Aug. 15 1. Not long ago recession fears gripped the market, and there was a growing sense the Fed would need to cut interest rates by a half-percentage point at its September meeting. That's calmed down, with traders pricing in a nearly 75% odds of a traditional quarter-point reduction. 2. Retail sales in July rose 1% on a seasonally adjusted basis, well ahead of the 0.3% rise expected by economists polled by Dow Jones.
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